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BEIJING, Aug. 5 -- Chinese steel mills would prefer to import more iron ore from Brazil rather than Australia after the detention of four Shanghai-based employees of multinational miner Rio Tinto on charges of commercial espionage, according to data specialist ASXMarine. Spot iron ore vessel bookings from Brazil to China surged to a record 39 in July, from 24 in the previous month, Reuters quoted the data from ASXMarine. Vessel bookings from Australia's main iron ore ports to China dropped to 31, down from 40 compared to the previous month and the lowest reading since February after the Rio Tinto scandal. Photo taken on July 9, 2009 shows the Rio Tinto Ltd. Office in Shanghai, east China. Chinese steelmakers have begun to hold their imports from Australian miners and are switching to Brazilian ore instead, domestic ports have witnessed. Zang Dongsheng, deputy general manger of Rizhao Port Group, China's largest iron ore port which accounts for a fifth of the country's iron ore deliveries, said some of his customers have reduced their orders from Australia and turned to Brazil. But the exact figures would be available only in September as shipments from Brazil and Australia would be delayed by one or two months. China's main ports received 56.5 million tons of iron ore in July, up 35 percent from the same period last year, the Ministry of Transport said yesterday. Iron ore imports rose 29.3 percent year on year, to 297 million tons, in the first half of this year, while traders imported 131 million tons, up 90.4 percent from last year. The China Iron and Steel Association (CISA) said last Friday that excess iron ore imports had distorted the demand-supply situation and hampered its position at negotiations with global miners on new long-term benchmark prices. It also said foreign iron ore suppliers promoted massive selling on the cash market, leading to huge stockpiles and urged to limit import licenses. However, the iron ore import figures in July reflected orders in May as it takes more than a month to deliver ore from Australia and Brazil, said Zang from Rizhao port. Chinese steel mills started to reduce orders ever since CISA rejected the 33-percent cut offered by miners in May and held out for more discount, he said. China News Service reported yesterday that CISA halted talks because iron ore spot prices have been "seriously distorted", citing a statement issued by the association. However, no such statement could be found on the association's website, and its official surnamed Wang said the report was not true and talks were ongoing.
LONDON, Sept. 5 (Xinhua) -- Britain hopes to further expand cooperation with China in economic, financial and trade sectors, Business Secretary Lord Mandelson said Saturday. In a written interview with Xinhua on the eve of his visit to China, Mandelson, also the First Secretary of State, said economic and political relations between Britain and China are very strong. The High-Level Economic & Financial Dialogue would lead to collaboration in areas such as the development of financial services, the protection of intellectual property rights, and the establishment of a comprehensive social security system in China, Mandelson said. During Mandelson's visit, which begins Monday, he will give a speech at a low carbon business solution event in Beijing attended by about 250 British and Chinese companies. He will also sign a "Sustainable City" memorandum of understanding with Changsha, the capital of south central China's Hunan province. "The UK is keen to share its low carbon technology," Mandelson said, noting that Britain would like to export even more high-tech goods to China. Mandelson said the UK, by far, is the largest European investor in China and transfers much of its technology to the country through wholly owned subsidiaries and joint ventures. The business secretary expressed hope that China would improve its regulations to facilitate British companies' participation in its hi-tech sectors. China, Mandelson said, has taken every measure possible to mitigate the impact of the global financial crisis, which also has contributed to the recovery of the world economy. He called China's huge stimulus package "a very impressive commitment to rebuilding its economy and the welcome effects are already being felt." China has contributed to the rebalancing of the world economy by re-orienting its own growth model to stimulate domestic consumption, the business secretary said. Meanwhile, Mandelson also expected China to play a bigger part in pushing forward multilateral trade talks "I hope China will play an important role in achieving a conclusion to the Doha Development Round and I hope that the global recession has provided a sense of renewed urgency for this agreement", he said. As the former EU Trade Commissioner, Mandelson has never shied from voicing his objections to protectionism. Imposing tariffs on imports, he said, creates distortions in the global economy, which result in poverty and inequality. Trade is essential to the prosperity of the world economy and remains one of the main avenues open to increase productivity and growth, he said. "I hope that UK and China's joint efforts to foster closer trade and investment links in China's rapidly developing regional business centers will stimulate and serve to support new business partnerships," the business secretary said. Mandelson said China's process of gradually opening its capital market would deepen the capital and expertise available to Chinese companies as they increasingly look to expand overseas. "We are equally keen to work with the Chinese authorities and markets to enable foreign firms to list on its exchanges," he said. "We are very supportive of the State Council's desire for Shanghai to develop into a truly international financial center over the next 10 to 15 years and believe that an important step to building this profile will be the continued growth and diversification of China's capital markets." Mandelson also emphasized that there are many benefits from an internationalized Chinese yuan, which would promote greater stability in global foreign exchange markets. "A more widely traded Chinese currency will help Chinese companies win business in overseas markets," he said, "And a more market-oriented exchange rate will help China re-orient its economy towards domestic consumption, which would be in China's own interests." When it comes to the climate change issue, Mandelson noted that China is making strong efforts to reduce the growth of its greenhouse gas emissions. He pointed out that China currently aims to reduce consumption of energy per unit of GDP by 20 percent between 2005 and 2010. "Tackling climate change is a win-win business opportunity for both the UK and China," he said. Mandelson also called for international cooperation to deal with the world's other thorny issues. The global downturn has powerfully illustrated how important it is to have constructive engagement at the international level, he said. "We need international solutions to financial regulation, to tackling pollution and in fighting proliferation and terrorism. These are global challenges that require a global response," Mandelson said.

TAIPEI, Aug. 25 (Xinhua) -- As of 18:00 pm Tuesday, Morakot, the worst typhoon to hit the island in 50 years, had claimed 461 lives and left 192 missing and 46 injured, according to Taiwan's disaster control center. Relatives mourn for their victims in front of mudslide area at the devastated village of Hsiaolin, in Kaohsiung county, southeast China's Taiwan Province, Aug. 15, 2009.Kaohsiung County had reported the largest casualties including 392 deaths, the center said. Morakot, which devastated Taiwan on August 8, had brought about a 14.5 billion NT dollars (440 million U.S. dollars) financial losses for agricultural, forestry, fishing and herding sectors, according to a report previously released by Taiwan's agricultural authorities . Photo taken on Aug. 24, 2009 shows the severely-damaged Nanheng Road section across the Taoyuan Village of Kaohsiung County, southeast China's Taiwan
BEIJING, Aug. 21 (Xinhua) -- A Senior Chinese official on Friday called for fresh efforts to furnish occupational security for police and take good care of their relatives. Zhou Yongkang, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remarks when meeting with representatives of the relatives of police officers who died on duty. More than 10,000 police officers died on duty with honor in the past 60years, and more than 150,000 more had been injured when protecting the country's social stability, Zhou said. He urged Party, government and police departments at all levels to take into account of the occupational hazards of the police and take measures to provide better treatment for them. The livelihood of the relatives of police officers, especially those who died on duty, must also be secured, Zhou said. He urged the police to live up to the people's expectations and make new contributions to the Party and the people.
BEIJING, Aug. 20 (Xinhua) -- China on Thursday called for more efforts to boost economic growth in its western regions. Premier Wen Jiabao chaired a meeting of the leading group under the State Council for the development of China's western regions. Vice Premier Li Keqiang also attended the meeting. The meeting discussed and passed a guideline on maintaining stable and fast economic growth in the western regions amid the global economic downturn. The government would carry on with its policy to develop the western regions as the policy proved effective in boosting economic and social progresses there in the 10 years since its launch. China on Thursday called for more efforts to boost economic growth in its western regions. Premier Wen Jiabao chaired a meeting of the leading group under the State Council for the development of China's western regions More funds would be put into the areas for infrastructure construction including railways, roads, airports and water conservation projects. The government would stress environmental protection in the areas and further promote the "grain for green project", a project to prevent sand storms and protect sources of the three key rivers that start in Qinghai Province. China would make more efforts to upgrade the industrial structure in the western regions and boost industries with advantages there. The government would speed up the development of social causes to improve people's livelihoods. It would work to add more job opportunities, improve people's living conditions and upgrade education and medical services. The meeting also stressed efforts to help rebuild the areas destroyed by the strong earthquake in May 2008. China on Thursday called for more efforts to boost economic growth in its western regions. Premier Wen Jiabao chaired a meeting of the leading group under the State Council for the development of China's western regions
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